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Section 397 — Compliance and reporting: its source in the Income-tax Act, 1961
Section 397 (Compliance and reporting) of the Income-tax Act, 2025 consolidates Section 194-IA, Section 194-IB, Section 194M, Section 194S, Section 195, Section 200, Section 203A, Section 206A, Section 206AA, Section 206C and Section 206CC of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 194-IA — Payment on transfer of certain immovable property other than agricultural land
- Section 194-IB — Payment of rent by certain individuals or Hindu undivided family
- Section 194M — Payment of certain sums by certain individuals or Hindu undivided family
- Section 194S — Payment on transfer of virtual digital asset
- Section 195 — Other sums
- Section 200 — Duty of person deducting tax
- Section 203A — Tax deduction and collection account number
- Section 206A — Furnishing of statement in respect of payment of any income to residents without deduction of tax
- Section 206AA — Requirement to furnish Permanent Account Number
- Section 206C — Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
- Section 206CC — Requirement to furnish Permanent Account number by collectee
read both texts · §194-IA (1961) vs §397 (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
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